Bullish Case: Despite a bearish long-term trend, a recent uptick and AI forecast suggest a potential for SDOW price recovery, particularly in near-term options.


Bearish Case: SDOW's historical underperformance and low trading volume imply a likely continuation of the downtrend, with bearish risk outpacing bullish.


Potential Outcomes: Near-term rebound given market volatility is possible (40%). Continued downtrend aligns with history and current sentiment (60%).


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April 12, 2024


ProShares UltraPro Short Dow30 Forecast

SDOW        ProShares UltraPro Short Dow30
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with SDOW



DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (1.0)


DOG Forecast + Options Trading Strategies   [DOG]  ProShares Short Dow30 (1.0)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (0.97)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (0.94)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to SDOW



BMRN Forecast + Options Trading Strategies   [BMRN]  Registered Shares (-0.0)


MTCH Forecast + Options Trading Strategies   [MTCH]  Match (0.0)


JNJ Forecast + Options Trading Strategies   [JNJ]  Johnson & Johnson (-0.0)


OXY Forecast + Options Trading Strategies   [OXY]  Occidental Petroleum (0.0)


SO Forecast + Options Trading Strategies   [SO]  Southern (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SDOW



SSO Forecast + Options Trading Strategies   [SSO]  ProShares Ultra S&P500 (-0.97)


XLF Forecast + Options Trading Strategies   [XLF]  Financial Select Sector SPDR (-0.98)


UDOW Forecast + Options Trading Strategies   [UDOW]  ProShares UltraPro Dow30 (-0.99)


VIG Forecast + Options Trading Strategies   [VIG]  Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF (-0.99)


FAS Forecast + Options Trading Strategies   [FAS]  Direxion Daily Financial Bull 3x Shares (-0.99)





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